2023
8
India Consumer Spending Priorities Market Report 2023
2023-10-17T14:55:36+01:00
REPCDADAE73_F52D_42E7_9032_6DC0CE9BCA52
2195
167307
[{"name":"Financial Planning and Advice","url":"https:\/\/store.mintel.com\/industries\/financial-services\/planning-advice"}]
Report
en_GB
In an uncertain economy, Indians seek respite in pleasure and enjoyment while looking for ways to cut costs in the long run; preventative healthcare has become a priority for parents.
  1. /
  2. All Industries
  3. /
  4. Financial Services
  5. /
  6. Financial Planning and Advice
  7. /
  8. India Consumer Spending Priorities Market Report 2023

India Consumer Spending Priorities Market Report 2023

Consumer Reports - What's Included
  • Multiple Report Formats
  • Access to our Clients Portal
  • Interactive Databook
  • Custom Presentation Tool

In an uncertain economy, Indians seek respite in pleasure and enjoyment while looking for ways to cut costs in the long run; preventative healthcare has become a priority for parents.

Saptarshi Banerjee, Senior Research Analyst – Lifestyle, India

Collapse All
  1. executive summary

    • Key issues covered in this Report
  2. Key trends

    • Premiumisation opportunities arise with the rising middle class
    • Graph 1: consumers' current financial situation*, 2022-23
    • Graph 2: consumers' future financial sentiment over the next year, by age group*, 2023
    • Affordable indulgence grows amid inflation
    • Graph 3: what consumers are concerned about over the next six months, by age group*, 2023
    • Graph 4: spending changes consumers are planning to make*, 2023
    • Preventive healthcare is a new saving solution
    • Graph 5: consumer attitudes towards health and wellbeing*, 2023
  3. what consumers want and why

    • Graph 6: monthly spending of consumers across categories, 2022 vs 2023
    • Hedonic needs give rise to indulgence seekers
    • Graph 7: consumer attitudes towards spending, by financial situation, 2023
    • Graph 8: consumer attitudes towards spending, by age group and gender, 2023
    • Graph 9: categories bought by consumers on a monthly basis, by attitudes towards spending and age group, 2023
    • Graph 10: consumers who bought clothing and accessories on a monthly basis, by city tier, generation and gender, 2023
    • Graph 11: consumers who bought beauty and personal care products in the last six months, by gender, age group and city tier, 2023
    • Graph 12: categories consumers spend on a monthly basis, by age group, gender, city tier and SEC, 2023
    • Long-term goals give rise to cautious spenders
    • Graph 13: top acitivities that consumers are prioritising in the next 12 months, by age group and gender, 2023
    • Graph 14: ways consumers are planning to improve their financial situation, 2023
    • Graph 15: ways in which consumers are planning to improve their financial situation, by gender age group, city tier, SEC and employment, 2023
    • Graph 16: ways consumers are planning to improve their financial situation, by generation, 2023
    • Graph 17: categories spent on a monthly basis by consumers in the last six months, by ways consumers are planning to improve their financial situation, 2023
    • Graph 18: ways consumers are planning to improve their financial situation, by parental status, 2023
    • Graph 19: ways consumers are planning to improve their financial situation, by gender, age group, city tier and region, 2023
    • Health and wellness spending rises among parents
    • Graph 20: consumer attitudes towards spending, by city tier and parental status, 2023
    • Graph 21: consumer attitudes towards spending, by city tier and financial situation, 2023
    • Graph 22: consumers who have spent on health and wellness products on a monthly basis, by parental status and gender, 2022, 2023
    • Graph 23: % of VMS launches by ingredient claims, 2018-23
    • Graph 24: consumers who spent on health and wellness products on a montlhy basis, by age group and gender, 2023
  4. APPENDIX

    Why Mintel?

    Mintel is the world’s leading market intelligence agency. We show you how consumers think today and tomorrow. As a trusted partner to industry leaders, we deliver game-changing insights to businesses across the globe, fuelling their marketing and innovation strategies that will shape the future.

    Access high-quality market research with every purchase of Mintel’s consumer reports. Here’s what else is included in your report purchase:

    • Multiple Report Formats: Mintel’s reports are available in PDF and PPT formats, and arrive in your inbox alongside an Excel datasheet, so you can easily share Mintel’s market intelligence.
    • Access to Mintel’s Clients Portal: After your purchase is completed, you’ll receive an invitation to join Mintel’s Clients Portal, providing instant access to supplementary insights from Mintel’s industry experts.
    • Interactive Databook: Mintel’s bespoke consumer data is presented as an interactive website, so you can deep dive into your chosen topic, explore demographics and download specific statistics.
    • Custom Presentation Tool: Easily incorporate selected research data and analysis into a tailor-made presentation to win over clients and stakeholders.

    Browse our sample PDF report below:

    Please Note: All of the figures, graphs, and tables have been redacted.
    £ 2,195 (Excl.Tax)
    • Instant access when you pay by credit card.
    • Save 10% on all purchases with the code: INSIGHTS2024. Offer available until 31st December.
    Buy now

    Is this report right for you?

    From consumer reports to customised growth strategies. We have an option to suit your business requirements.

    Find out more

    Popular Related Reports

    Global Outlook on Sustainability: A Consumer Study 2024-25

    £ 5,000£ 21,600

    Mintel’s 2024-25 Global Outlook on Sustainability: A Consumer Study is designed to help you understand what brands and companies should prioritise in order to educate consumers and ensure...

    Find out more

    India Hair Oils Market Report 2024

    £ 2,195

    With the rising global popularity of hair oils, India faces a challenge to its long-held position as the market leader in this industry. Therefore, it is crucial for...

    Find out more

    India Dairy Drinks Market Report 2024

    £ 2,195

    Plain white milk is an essential staple in the Indian households and stands as the most widely consumed dairy beverage. Following closely are yogurt-based drinks like lassi and...

    Find out more

    India Protein Powders and Meal Replacement Drinks Market Report 2024

    £ 2,195

    India's nutritional landscape is experiencing a significant transformation. As a nation facing protein deficiency, there is a growing focus on protein, evident across consumers, brands and digital platforms.However,...

    Find out more

    India Nutraceuticals: Vitamins, Minerals and Supplements Market Report 2024

    £ 2,195

    The vitamins, minerals and supplements market in India is witnessing a dynamic shift, driven by consumers' increasing awareness of gender- and life-stage-specific needs. Urban women are particularly focused...

    Find out more

    India Baby Personal Care Market Report 2024

    £ 2,195

    The baby personal care market in India is experiencing rapid growth, driven by a surge in Direct-to-Consumer (DTC) brands leading innovation, particularly in baby bodycare and shower products.Mothers...

    Find out more

    Trusted by global industry leaders

    At Jackman, we believe that powerful strategies are based on human insight. Mintel’s leading-edge reports and insights into consumer attitudes and behaviors are an important input as we develop and execute strategy.

    Alana Gavin, VP Research and Insights, Jackman

    Mintel is really good for getting a handle on a particular category quickly. If we are working on a new business pitch in an area we don’t have much experience in, it’s a brilliant way to get up to speed with what’s going on, what’s changing and what the key trends are in any category.

    It’s very rare now that anyone will plough through a 200-page report – that’s why the summaries are really useful. We know they are backed up by a lot of detail, so if you need to go into something in more depth you know the information will be all there for you.

    Pauline Robson, Managing Partner, Mediacom

    There is no question that Mintel is the go-to resource for the best quality market research, but I did not think it was an affordable option for Abacus Marketing to consider. As a small marketing agency, we only work with a few new clients each year.

    However, we have a very high-end consultative approach to our work, so we really do need a partner like Mintel to provide the big agency experience we are always aiming to deliver. Our clients come from an incredibly diverse range of industry sectors, so we obviously need access to market research reports from a very wide spectrum of marketplaces – and that is precisely what we got.

    Stephen Taylor-Brown, Managing Director, Abacus

    We have such a great working relationship with Mintel on lots of different levels. As an insight partner, they have helped us to develop our business planning in specific categories as well as supporting our creative process but they’ve also been super helpful with facilitating our events in their inspirational offices near St Paul’s.

    They’re an innovative company, with a client-focused team that always delivers.

    Abby Carvosso, Group Managing Director, Bauer Media Group

    We utilize Mintel Reports, Trends and Comperemedia to mine for insights across the numerous business verticals that Epsilon serves, such as CPG, automotive, telecom, healthcare/pharma, retail and financial services.

    By integrating Mintel insight into new business opportunities, we have been able to gain the competitive edge necessary to advance partnerships with global brands and key business players.

    For our organization, it’s about depth and breadth. Having one without the other doesn’t enable success in our business.

    Virginia Harvey, Secondary Research Manager, Epsilon

    Is this report right for you?

    From consumer reports to customised growth strategies. We have an option to suit your business requirements.

    Find out more